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20130131
Search Results 0 to 9 of about 10 (some duplicates have been removed)
to use their credit cards or debit cards or take euros out of the atms because there are concerns about the banking practices at the vatican and so concerns that there might be lack in oversight. >> is it lax in oversight or something naughty? >> well, the concern here is that there might be something naughty that they are not complying withstandards for money laundering protections. there have been two reports, one from an independent group and one from the group of italy saying the practices are not up to snuff. remember the vatican is the home to the catholic church which is an organization of over a billion people. when the pank is moving money they are often moving enormous sums of money. one thing was a 20 million euro transaction. for the vatican that is something that happens on a fairly regular basis that they are moving enormous sums of money between the churches. it got flagged. international protections were not in place to keep the money safe. the pope said we are going to fix this but they are still not there yet and the bank of italy said as of january 1 no more credit ca
probably years and years to resolve. in the short term, the u.s. you can in the long term, the euro crisis is very substantial. >> let's add one more concern there apparently seems to be new concerns about brazil, a country that is supposed to be the economic dynamo, but now apparently seeing growth slowing. what's happening? >> brazil seeing trouble now. their main export is iron ore to china. with the slowing growth in china, china has now a surplus of iron ore, they are seeing less sales. but brazil has a lot of other things that might be helpful in the long run. they have the presalt oil, which could be billions and billions of barrels of oil that they will start coming on stream in the next five or ten years. they have a very strong agricultural economy. brazil actually, in the last quart earthquake the third quarter, grew much slowerer, .6%, the u.s. grew at 3.1% the third quarter. brazil has a way to go hopefully, able to rebound p >> hopefully indeed. all like to rebound. hal sirkin, a partner at the boston consulting group, oversees foreign markets. thank you very much. >> you're
we need to do is have congress take these actions, you know, i liken this sometimes to the euro crisis that's in europe, but europe really isn't in control of what happens. it's very difficult for them to take actions. in theory, we could take actions in the house, in the senate and with the president and have all this solved in the next few hours. but -- and they were very close to an agreement. >> yeah, let me ask you about this. obviously with the debt ceiling, the big problem right in front of us, conservatives will say, look, we need to leverage that, because we can't keep the democrats from spending unless we have a really, really powerful tool and the debt ceiling's a very powerful tool. on the other hand, democrats are saying, are you kidding me? that's not the kind of tool you should be using. and we actually do hear conservatives and business leaders saying the same thing as democrats it seems. don't be using that. it's killing us. i'd love to get your perspective on that. >> it's a very dangerous tool. it's one that i hope people only threaten to never use. because if
. if the euro is strong and the economy's stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory, therefore, the instrument never gets shipped. or the customer who wants to buy this guitar may find that his money is now worth so little he can't afford it. and if this drought and the revenue stream continues pushing more businesses and more governments toward default on their debt, then there's a risk of the whole market drying up. so, everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here could undermine the value of those guitars and force layoffs back home. >> the last few years just thinking about the economy in general, it's kind of a generalized fear. >> reporter: for now they control what they can. >> if we do a better job when somebody's looking to buy a guitar, they'll look more to our stuff than the other stuff. over time. >> reporter: an
, euro survived the big crisis. is there some optimism there? >> reporter: well, schwab, head of the world economic forum, optimistic smiling, says the euro didn't collapse, europe didn't fall apart, there's economic growth in the united states, there's room for optimism. i can tell you if you talk to the ceos, most of the people are ceos and in business, they are not optimistic. there is a deficit of confidence, and that's because you have budgetary problems in the united states, you have the eurozone problem, you have china, india slowing down. these other issues are very much on their agenda. so, you and i, as the week will go on, will distill this into what really they're talking. at the moment, the one word to keep in mind, risk. where it lies at the moment. >> and if they think that it's risky, business people and they're trying to get a sense of where we are with the economy if they think it's risky, how is that impacting us? everyday folks here who are looking at their, you know, paychecks and homes and wondering if it's going to change, if it's going to get better. >>
euros on taxes. no one can shame me about how much taxes that i have been paying. i have certainly been done a lot for this count row and he outlines the people he employs that includes some vineyards and two restaurants and a number of other things. looking like he might accept that offer of russian nationality and leave the country. joe? >> jim bitterman in paris. thanks for that. a husband offers up a kidney so his wife would move up on the list to receive a kidney. cameras were following the real story on realtime. you will see the video, next. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeƑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm the ultimate shrimp lover, and i sea food differently. >>> her parents were told she wou
the euro but in many aspects it is in and it is a full member. united states depends on britain for the very strong role in international affairs. it helps all over the place whether in trying to confront iran, syria and north korea with sanctions and plays a big role whether afghanistan, iraq. david cameron is saying we like our foreign role. we like you and our economic role in the e.u. but we don't want to be a part of your political role. he is trying to negotiate a half in/half out role for the u.k. that is very concerning to the u.s. because he has raised the stakes by saying he would put it to the british people in the referendum. if they vote to get out of the e.u. that could fundamentally change that relationship. >> let's listen to a little bit of your interview there. >> you see all the economic turmoil in europe. you see it over here, as well, in the u.s., the rambling over the fiscal cliff. it seems to be endless economic uncertainty. >> president obama and i have agreed that different countries should take different pathways according to circumstances and america i
debate pose big risks to the worldwide economy. the ongoing recession in the euro zone also a factor. >>> and winter weather prompts a state of emergency. salt trucks ran all night long to prevent sleet and freezing rain from the roadways and almost a quarter inch of ice formed on power lines and heavy rain is now causing flooding. >>> facebook's new search tool is surrounded by hype, but others think it might be a dude. it's called graph search and it's a way to search through your facebook network for answers. information google cannot access. you could look for restaurants your friends like, kind of like yelp or look for job connections like on linked-in or you can use it to find singles in your area. steven levy is the senior writer for "wired" magazine. steven, welcome. >> thank you. >> okay, you went to the facebook campus, experimenting with graph search. you interviewed mark zuckerberg. so, is this really as revolutionary as we're led to believe? >> well, it's very big for facebook. facebook has a couple things that people do all the time. they share photos and other things w
Search Results 0 to 9 of about 10 (some duplicates have been removed)